CONTEMPORARY ART MARKET ESTABLISHED EMERGING ARTISTS

The Economic Times has highlighted the struggle faced by a young generation of Indian artists unable “to break through the price brackets and name created by the [country’s] top artists”, despite the increasing number of collectors attracted to fresh art work.

MF Husain's 'Sprinkling Horses' (undated), sold for USD1.14 million in the September 2011 Christie's auction.

As the pioneers of Indian art slow down in their production of new works or stop altogether, collector demand for what they have created rises. The prices that work by these established artists now commands makes much of it inaccessible to mid-level collectors.

Click here to read the article, titled “Indian art 2.0: Demise of Jehangir Sabavala, M.F. Husain and Sohan Qadri; Rise of the young”, in its entirety on The Economic Times.

“With affordability being the bottom-line in a market ruled by extreme swings in the last three years, works by the top twenty names in Indian contemporary art, especially those who are no longer alive, defy the purse-strings of an average collector,” states The Economic Times.

According to the article, these collectors are turning to the country’s up-and-coming artists to fill their collections. “If a collector is not able to afford a M.F. Husain or find one in the market, he might well think ‘Let me buy an Atul Dodiya‘ very soon,” says Narendra Jain, director of Indian gallery space Art Mall.

It seems, however, that there is still a barrier to success for emerging artists in India. As a “senior official” of the Lalit Kala Akademi was quoted in the article as saying, “the Indian art collector’s fascination for pioneering names makes the prospect for younger artists difficult.”

KN/HH

Related Topics: Indian artists, emerging artists, MF Husain

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By Brittney

Brittney is a writer, curator and contemporary art gallerist. Born in Singapore and based in New York City, Brittney maintains a deep interest in the contemporary art landscape of Southeast Asia. This is combined with an equally strong interest in contemporary art from the Asian diasporas, alongside the issues of identity, transmigration and global relations.

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